Blueprint
 
SECURITIES AND EXCHANGE COMMISSION
 
 
Washington, D.C. 20549
 
 
FORM 6-K
 
 
Report of Foreign Private Issuer
 
 
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
 
 
 
For the month of February 2018
 
RYANAIR HOLDINGS PLC
(Translation of registrant's name into English)
 
c/o Ryanair Ltd Corporate Head Office
Dublin Airport
County Dublin Ireland
(Address of principal executive offices)
 
Indicate by check mark whether the registrant files or will file annual
reports under cover Form 20-F or Form 40-F.
Form 20-F..X.. Form 40-F 
 
Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange
Act of 1934.
 
 
Yes   No ..X..
 
 
If "Yes" is marked, indicate below the file number assigned to the registrant
in connection with Rule 12g3-2(b): 82- ________
 
 
 
Ryanair Holdings plc
 
Share buy-back programme
 
Ryanair Holdings plc (the "Company") announces that it has entered into irrevocable arrangements with its brokers, Citigroup Global Markets Limited ("Citigroup") and J&E Davy ("Davy"), to commence a share buy-back programme to repurchase on its behalf, ordinary shares of €0.006 each (the "Shares"), during the period commencing on 6 February 2018 and, subject to market conditions, ending not later than 9 November 2018. The purpose of the buy-back programme is to reduce the share capital of the Company. Accordingly, all Shares repurchased will be cancelled.
 
These arrangements are in accordance with the Company's general authority to repurchase Shares, Chapter 9 of the Listing Rules of the Irish Stock Exchange, the applicable laws and regulations of the Irish Stock Exchange and those provisions of Market Abuse Regulation 596/2014/EU dealing with buy-back programmes.
 
The maximum consideration payable by the Company in respect of repurchases of Shares under these arrangements is €750 million.The timing and the actual number of Shares repurchased will be dependent on market conditions, legal and regulatory requirements and the other terms and limitations contained in the arrangements.
 
The American Depositary Shares buy-back programme, announced on 17 February 2017, remains in place.
 
 
ENDS
 
6 February 2018
Enquires:
Contact:
Neil Sorahan
Ryanair Holdings Plc
Tel: + 353 1 945 1212
 
 
 
 SIGNATURES
 
 
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
 
 
RYANAIR HOLDINGS PLC
 
 
 
 
Date: 06 February, 2018
 
 
By:___/s/ Juliusz Komorek____
 
 
 
Juliusz Komorek
 
Company Secretary